PostHeaderIcon Massey Energy Completes Acquisition of Cumberland Resources Corporation and Affiliated Companies


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Massey Energy Completes Acquisition of Cumberland Resources Corporation and Affiliated Companies
Massey Energy Company announced today that it has completed its acquisition of Cumberland Resources Corporation and its affiliated companies for a purchase price of $640 million in cash, subject to working capital adjustments, and 6,519,034 shares of Massey common stock. Â The number of shares issued was calculated by dividing $320 million by the average closing price of Massey common stock for …

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